Velarion Records

Hospital · Wheat Ridge, Colorado · 10 beds · CMS certification number 061991

Wide Horizon

Latest filing: fiscal year ended July 1, 2018, settled, stamped by CMS August 17, 2020. 22 years on file, all shown below.

Fiscal 2018 at a glance

Net patient revenue $1.5M $1,512,243 · G-3 line 3
Operating expenses $2.6M $2,604,323 · G-3 line 4
Result from patient care −$1.1M −$1,092,080 · G-3 line 5
Margin on patient care −72.2% line 5 ÷ line 3, same filing

What stands out

  • Net patient revenue rose from $1.1M in its first year on file (1997) to $1.5M in 2018.
  • From fiscal year 2017 to fiscal year 2018 its net patient revenue rose 5.0%.
  • Its result from patient care: −$891K (2016), −$1.0M (2017), −$1.1M (2018).
  • 3 of the 5 peers below with a margin on file also report a loss on patient care for fiscal year 2018.

How these statements are drawn

22 years of filings

Net patient revenueOperating expenses

1997 settled margin −39.8% $1.1M $1.5M

1998 settled margin −52.9% $1.1M $1.7M

1999 settled margin −59.0% $1.1M $1.7M

2000 settled margin −96.5% $887K $1.7M

2001 settled margin −66.7% $966K $1.6M

2002 settled margin −71.2% $957K $1.6M

2003 settled with audit margin −71.3% $969K $1.7M

2004 settled margin −70.2% $1.0M $1.7M

2005 settled margin −43.8% $1.2M $1.7M

2006 settled margin −44.3% $1.3M $1.8M

2007 settled margin −46.9% $1.3M $1.9M

2008 settled margin −46.1% $1.4M $2.0M

2009 settled margin −50.8% $1.5M $2.2M

2010 settled margin −46.0% $1.5M $2.1M

2011 settled margin −36.3% $1.4M $2.0M

2012 settled margin −43.9% $1.4M $2.0M

2013 settled margin −45.1% $1.5M $2.2M

2014 settled margin −54.9% $1.4M $2.2M

2015 settled margin −48.6% $1.5M $2.2M

2016 settled margin −62.5% $1.4M $2.3M

2017 settled margin −72.4% $1.4M $2.5M

2018 settled margin −72.2% $1.5M $2.6M

Beside its peers

Hospitals in Colorado with under 25 beds, fiscal year 2018.

Hospital Beds Net patient revenue Operating expenses Margin

Wide Horizon 10 $1,512,243 $2,604,323 −72.2%

Animas Surgical Hospital, Durango 12 $32,120,144 $31,046,097 3.3%

Keefe Memorial Hospital, Cheyenne Wells 11 $4,692,380 $6,540,901 −39.4%

Pagosa Springs Medical Center, Pagosa Springs 11 $28,210,837 $34,963,635 −23.9%

Pioneers Medical Center, Meeker 10 $19,636,907 $25,513,891 −29.9%

Sedgwick County Memorial Hospital, Julesburg 9 $10,889,507 $10,411,307 4.4%

Follow Wide Horizon, free

File HOSP10FY2017.ZIP, form CMS-2552-10, CMS certification number 061991.

How this page was built: the CMS Medicare cost report, file HOSP10FY2017.ZIP, read August 17, 2020.